Crypto King Throws Shade: Is Ethereum Really Trash?! 😱

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When it comes to cryptocurrency commentary, there are a select few who can trash-talk without causing a full-blown Twitter meltdown. Peter Brandt, a financial market legend since the disco era (the 70s, for you youngsters 🕺), is definitely one of them. He’s seen it all, folks. Crashes, hype, scams – probably even witnessed the invention of the Pet Rock. So, his opinion carries some serious weight, even if it smells a bit like mothballs. 🧓

And guess what? After nearly half a century of watching money go up and down like a caffeinated yo-yo, Peter Brandt apparently loathes Ethereum (ETH). Yes, the “major alternative cryptocurrency.” The one your cousin keeps telling you to invest in. 🙄

The reasons? Oh, they’re classic Brandt. Back in November, he grumbled that Ethereum’s complexity and cost were “world-class terrible.” Which, in Brandt-speak, basically means it’s as user-friendly as a porcupine wearing a tutu. He thinks it’s a completely broken utility token. Like a toaster that only burns bagels. 🥯🔥

ETH is worthless junk

— Peter Brandt (@PeterLBrandt) April 14, 2025

And today? He doubled down. Responding to some poor soul whining about gas fees (which, let’s be honest, sound like something you get after eating too much gas station sushi 🍣), Brandt simply declared that ETH is, and I quote, “worthless junk.”

That’s quite the way to describe a $200 billion asset. It’s like calling the Mona Lisa a “slightly above-average doodle.” But hey, that’s Peter for you. Now, how this pronouncement will affect things? Your guess is as good as mine. But let’s face it, sentiment towards Ethereum is about as unified as a family during a game of Monopoly. 😠

With Ethereum’s price stuck in October 2023 limbo, and founding organizations doing the cha-cha, it feels like a real stress test for this crypto darling. Or, more accurately, a stress test for all the people who swore they’d be driving Lambos by now. 🚗💨

On one side, you’ve got the disgruntled holders, watching their investments stagnate. Then there’s the crypto purists, foaming at the mouth about the technology. And finally, the die-hard believers, clinging to Ethereum like a life raft in a sea of red ink. 😵‍💫

So, will this altcoin survive the crisis? That’s the million-dollar (or, you know, the fraction-of-an-Ethereum) question right now. It’s a battle royale in the blockchain. Get your popcorn ready. 🍿

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2025-04-14 19:40